News Brief
Cabinet Approves MoU To Ensure Long-Term Supply Of Petroleum Products To Bhutan, India To Benefit From Bilateral Trade
Bhutan’s King Jigme Khesar Namgyel Wangchuck welcomes Prime Minister Narendra Modi. (Narendra Modi/Twitter)
The Union Cabinet led by Prime Minister Narendra Modi on Wednesday (13 March) approved the signing of a Memorandum of Understanding (MoU) for the General Supply of Petroleum, Oil, Lubricants (POL) and related products from India to Bhutan.
The MoU aims to benefit India and its citizens with improved economic and commercial linkages with Bhutan irrespective of any gender, class or income bias, particularly in the area of hydrocarbon sector, the press release said.
It will promote bilateral trade in the hydrocarbon sector and will ensure secured and long term supply of petroleum products to Bhutan. It will also give thrust towards self-reliant India.
The government describes this MoU as a "strategic fit" in Energy Bridge in India’s Neighborhood First Policy.
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